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Identify the different types of schedules of reinforcement.Explain which of these you,as a manager,would place the greatest emphasis on if you were trying to use verbal compliments to motivate your staff to continue a high level of performance,and why you would do this.Be sure to clarify any assumptions you make in developing your answer.
Posterior Probabilities
The probabilities of possible outcomes updated on the basis of new evidence or information.
Expected Monetary Value
The predicted value of a financial opportunity when accounting for all possible outcomes and their probabilities.
Optimal Act
The best possible action or decision, typically the one that maximizes the expected outcome or utility.
Bayesian Statistics
A statistical method that applies probability to statistical problems, focusing on the posterior distribution of parameters by incorporating prior knowledge.
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